Expanded Funding of $5.2 Million in Pre-Series A Round to Expand MoneyHash's Payment Centralization System in Developing Countries
MoneyHash Raises $5.2 Million in Pre-Series A Round for Expansion
MoneyHash, a payment orchestration platform designed for emerging markets, has secured $5.2 million in a pre-Series A funding round. The investment, which comes just over a year after the startup raised $4.5 million, will be used to further solidify MoneyHash's position as the leading all-in-one flexible payments and revenue operations platform in the Middle East and Africa.
The platform, co-founded by Nader Abdelrazik and Mustafa Eid in early 2021, aims to help merchants overcome complex payment challenges in these markets. MoneyHash offers a unified platform that connects with multiple payment providers to support both pay-in and pay-out operations, providing businesses with a centralized dashboard for real-time payment tracking, fraud prevention, subscription management, and customizable merchant checkout experiences.
The focus on a pan-regional presence and integration with multiple payment providers, coupled with the emphasis on real-time payments and fraud prevention, positions MoneyHash to expand its footprint and impact across these fast-growing markets. The platform is poised to be the first all-in-one payment orchestration platform across Africa and the Middle East, aiming to unify locally available payment methods and currencies across regions, which increasingly rely on digital payments.
The ongoing recruitment of technical talent, such as Data Engineers and DevOps Engineers, also supports MoneyHash's plans for technological scalability and improved service delivery. The platform leverages technology such as cloud systems and AI for instant payment tracking and alerts, addressing the increasing demand for faster, transparent, and automated payment solutions in an evolving digital economy.
MoneyHash's growth has been significant. In 2024, the processing volume increased fourfold, and enterprise clients now make up over 35 percent of MoneyHash's customer base, representing a threefold expansion. Some users have reportedly seen a 10-15 percent revenue boost and a 90 percent shorter time to market for payment features in 2025. Notable enterprise clients include Saudi's first unicorn Tamara, cloud kitchen operator Kitopi, and e-commerce player Brands For Less.
The pre-Series A round was led by Flourish Ventures, with participation from Vision Ventures, Arab Bank's Xelerate, Emurgo Kepple Ventures, Marqeta founder Jason Gardner, COTU, RZM Investment, and Github founder Tom Preston-Werner. This investment underscores the confidence in MoneyHash's potential to revolutionize the payment landscape in the Middle East and Africa.
As MoneyHash continues to expand, it is poised to become a game-changer in the payment ecosystems of the Middle East and Africa, driving revenue growth and shortening product development cycles for clients while providing them with a more efficient, transparent, and automated payment solution.
- MoneyHash, with its focus on technology, will use the funds to enhance the platform's technological capabilities, recruiting Data Engineers and DevOps Engineers for scalability and improved service delivery.
- The all-in-one payment orchestration platform, MoneyHash, leverages technology such as cloud systems and AI for instant payment tracking and fraud prevention, addressing the increasing demand for faster, transparent, and automated payment solutions in the rapidly digitalizing Middle East and Africa.
